Markets

The municipal market saw some new supply hit the screens on Wednesday despite the Federal Open Market Committee meeting in Washington.

The municipal market will see some supply head its way on Wednesday despite the Federal Open Market Committee meeting underway in Washington.

The consumer price index rose by 0.4% in November, as expected, while core CPI posted a softer-than-expected 0.1% rise.

Muni issuers are being forced to take action on tax-exempt private activity draw-down bonds and commercial paper because of the House tax bill.

S&P Global Ratings does not see an immediate credit impact for local governments and agencies impacted by the Southern California fires.

Municipal bond yields continued to rise as issuers in California, Ohio, Virginia, Florida and the District of Columbia poured deals into the market.

The rush to beat tax legislation at the Illinois Finance Authority makes for its busiest December ever.

The state-supported Kentucky university’s bond rating was downgraded to A-plus by S&P Global Ratings.

The Treasury Department on Tuesday auctioned $12 billion of re-opened 30-year bonds with a 2 3/4% coupon at a 2.804% high yield, a price of 98.908728.

Municipal bond yields continue to surge along with the supply that hit the market on Tuesday.